Any person engaged in the business of debt adjusting, which includes debt management, budget counseling, or debt-pooling services. Required when: Engaging in the business of debt adjusting for a fee or consideration. Exemptions: Attorneys practicing law; banks and fiduciaries; title insurers and abstract companies doi…
Overview
What it is.
Any person engaged in the business of debt adjusting, which includes debt management, budget counseling, or debt-pooling services. Required when: Engaging in the business of debt adjusting for a fee or consideration. Exemptions: Attorneys practicing law; banks and fiduciaries; title insurers and abstract companies doi…
Who usually needs it
Any person engaged in the business of debt adjusting, which includes debt management, budget counseling, or debt-pooling services.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateSDBond amount$50,000Term lengthContinuousObligeeSouth Dakota Office of the Attorney General, Division of Consumer ProtectionRenewalThe bond must be maintained with the Attorney General as long as the person is engaged in the debt adjusting business.Bond classLicense BondCategoryFinancial ServicesBondDebt Adjusting BondStatutory referenceSDCL 37-34-3(10)JurisdictionState
